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Questionable privatisation process: case comparisons between Cook Islands and Fiji Islands

Narayan, Jashwini J. (2013) Questionable privatisation process: case comparisons between Cook Islands and Fiji Islands. Fijian Studies: A Journal of Contemporary Fiji, 8 (2). pp. 169-181. ISSN 1728-7456

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In the developed, developing as well as in the underdeveloped nations, market-mania has taken numerous forms, one of which is privatization. Infatuation with privatization became so intense that public policy makers believed that privatization was the ultimate solution to their problems. The Pacific Islands are no exception. While there has been much debate on the logic for privatization, there have been very few case studies on the processes which privatization has taken in the Pacific. This paper examines the process of two early privatization cases, a case in Cook Islands and another in Fiji Islands. In its examination, this paper brings to the forefront the features that were similar and those that differed. In particular, the paper highlights the questionable process followed for the privatization of the public enterprises of both the Rarotonga Hotel in Cook Islands and the Government Shipyard and Public Slipways in Fiji Islands. The Rarotonga Hotel was privatized by the sale of the hotel to a local while the Government Shipyard and Public Slipways was privatized via a sale of it to a consortium, in which one of the two partners was a foreign entity.

Item Type: Journal Article
Uncontrolled Keywords: Fiji Cook Islands Public sector Privatization
Subjects: H Social Sciences > HJ Public Finance
Divisions: Faculty of Business and Economics (FBE) > School of Management and Public Administration
Depositing User: Jashwini Narayan
Date Deposited: 13 Apr 2014 23:51
Last Modified: 22 Jun 2016 03:18

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